Income Tax
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ITAT Bangalore: Tally Solutions Excluded as Functionally Dissimilar to Wipro

Gujarat HC Quashes Income Tax Assessment for Only Two Days’ Response Time

Karnataka HC Sets Aside Faceless Assessment for Inadequate Show-Cause Notice Time

Delhi HC Rejected Bogus Purchase Addition for Duly Explained Purchases

SC Dismissed Revenue’s Section 263 SLP as AO Had Taken a Plausible View

Calcutta HC: Section 263 Cannot Substitute AO’s Plausible View on GP Addition

SC Upheld Section 263 Relief as AO Had Examined Unsecured Loans

Calcutta HC: Revenue’s Section 263 Appeal Dismissed as Loan Inquiry Was Adequate

Gujarat HC: Reopening Quashed as No Fresh Tangible Material Was Found

Bombay HC Quashes Tax Prosecution as Self-Assessment Tax Was Paid Before Complaint

AMP Expenditure Not an International Transaction Without AE Arrangement: ITAT Delhi

Bombay HC Upholds Bar on Section 153C Additions Without Incriminating Material

ITAT Delhi Quashes Assessment for Ignoring Binding DRP Directions Under Section 144C

Gujarat HC: Section 13(1)(b) Cannot Deny Section 12AB Registration at Registration Stage
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.

